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What is the cross rate of R$ and GTQ

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Reference no: EM132512800

David lives in Sao Paolo, Brazil. While he is studying International Business in a well known business school he meets Diego from Guatemala and they become best friends.

During Spring Break Diego invites David over to Guatemala for 12 days. David had saved up some money (R$ 5,200). As a result, he wants to exchange it to Guatemalan quetzals (GTQ).

He collects the following rates:

Spot rate on the GTQ/€ cross rate: GTQ 10.5799/€

Spot rate on the €/reais cross rate: €0.4462/R$

Question 1: What is the cross rate of R$ and GTQ? and how many Guatemalan quetzals will he get for his reais?

Select one:

Option a. 4.72075 R$/GTQ , 24548 GTQ

Option b. 4.72 R$/GTQ , 1101.69 GTQ

Option c. 4.72 GTQ/R$ , 24548 GTQ

Option d. 4.72075 GTQ/R$ , 1101.69 GTQ

Reference no: EM132512800

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